“There is the potential of a trade war,” Steven Mnuchin said in an interview with CNBC. “There is a level of risk that we could get into a trade war.”
Related: Is National Security Trump’s Excuse for a Trade War?
Trump Took to Twitter Yet Again
Trump took to Twitter yet again to justify his actions stating, “China, which is a great economic power, is considered a Developing Nation within the Word Trade Organization. They therefore get tremendous perks and advantages, especially over the U.S. Does anybody think this is far. We were badly represented. The WTO is unfair to U.S.
The tariffs won’t go into immediate effect with U.S. companies given until May 22 to raise objections.
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